Millennials are making six figures in income, but more of them live paycheck-to-paycheck than any other generation.

Wealth allows for one to have numerous options. Those options include access to excellent health care, access to healthier foods, better school systems, better career opportunities, and the list goes on. However, when it comes to the distribution of wealth among Black and Latinx people versus White people in the United States, minorities have always been neglected. The racial wealth divide is widespread and stems from hundreds of years of policies and practices that were (and still are) put into place to hinder people of color from advancing economically.

Federal law mandates that a person is entitled to receive a free credit report from each of the three national reporting agencies, Equifax, Experian, and TransUnion, every 12 months. However, due to the COVID-19 pandemic, you can now get reports per week.

On September 9, Amazon announced they would be covering their employees’ college tuition fees. The CEO of Worldwide Consumer at Amazon, Dave Clark, said the company will invest a total of $1.2 billion by 2025 for more than 750,000 front-line workers.

When applying for a loan to make large financial purchases, such as a home or a car, one of the things the lender takes a look at is your credit score. Your credit score is important because it is part of the decision to either approve or deny your loan.

Financial boundaries are important to establish to ensure you maintain a healthy and happy relationship between you, your loved ones, and your money.

A great way to motivate yourself to reach a financial goal is by renaming your bank account.

If you are a current (and sometimes a former) college student, take advantage of perks that require using your college identification card (ID), including discounts on large and small purchases that could enable you to save thousands of dollars each year.

Your debt-to-income ratio, also called DTI, is a calculation that determines the percentage of your gross income that goes towards paying off your debts.

If you are either an upcoming or current college student, you should constantly be looking at scholarships and grants as your first choice to pay for college instead of setting for student loans. After all, free money over student loan debt wins every time.